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Property profile & analytics
OFF-MARKET
Commercial real estate

604 2Nd St Rio Grande City, TX 78582

Built 1950
Property ID
US83-1297627
Property summary
AI-generated overview

This exceptional commercial land opportunity presents a 12,997.868 square foot lot ideally situated in the heart of Rio Grande City, Texas, at 604 W 2nd Street, zip code 78582. The property, built in 1950, comprises two combined city lots offering significant potential for development. An existing house is included in the sale, sold "as is." This presents a unique chance to either renovate the existing structure or build a new commercial venture. The strategic location on 2nd Street ensures high visibility and accessibility. Further expansion possibilities exist with adjacent lots available for purchase. To the east, two additional lots are available, and four more lots are situated at the rear of the property, potentially expanding the total land area to up to 52,000 square feet. This presents a rare opportunity to acquire a substantial commercial property in a thriving Texas city. The asking price for this prime commercial land is $209,000. Don't miss this chance to secure a significant foothold in Rio Grande City's commercial landscape.

Property profile
Verified
Property type Commercial real estate
Year built 1950
UPID US83-1297627
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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